SEOUL, Dec. 30 (Korea Bizwire) – South Korea’s Constitutional Court on Friday did not approve the questioning of President Park Geun-hye during the review hearings of the scandal-hit president’s impeachment. During the third and final preparatory session held at the courthouse in central Seoul, the justices rejected the parliamentary panel’s request to interrogate President Park [...]
SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s major conglomerates are most worried about growing protectionism around the globe and an economic policy vacuum following the impeachment of President Park Geun-hye, a survey showed Friday. In the survey, conducted by Yonhap News Agency on 32 affiliates of the nation’s 30 conglomerates, 16 firms, or 45.7 [...]
SEOUL, Dec. 13 (Korea Bizwire) – Despite an overall market slump, investors are scrambling to bet on stocks related to presidential hopefuls as an early election is deemed inevitable following the impeachment of President Park Geun-hye, data showed Tuesday. South Korean lawmakers voted overwhelmingly to impeach Park on Friday over a massive corruption and influence-peddling [...]
SEOUL, Dec. 9 (Korea Bizwire) – Park Geun-Hye’s impeachment vote on Friday was attended by the family members of the victims of the Sewol ferry disaster, in which 304 passengers perished. President Park’s whereabouts for seven hours on April 16, 2014, the day of the ferry’s sinking, still remain unaccounted for despite pleas from the [...]
SEOUL, Dec. 9 (Korea Bizwire) – Prime Minister Hwang Kyo-ahn is set to become the acting president of South Korea, after parliament passed the impeachment motion against President Park Geun-hye on Friday. The motion passed with the approval of 234 lawmakers from the 300-seat National Assembly, meeting the minimum requirement of 200. Hwang is set [...]
SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s parliament on Friday passed a motion to impeach President Park Geun-hye over her alleged link to a corruption scandal involving her confidante that has paralyzed the government for the past several weeks. The motion was passed with an approval of 234 lawmakers from the 300-seat National Assembly, [...]
SEOUL, Dec. 7 (Korea Bizwire) – With a parliamentary vote to impeach President Park Geun-hye two days away, the glare of investor attention is focused on its outcome with a rejection more likely to increase stock market volatility than a passage, analysts said Wednesday. Opposition parties and some ruling party lawmakers are slated to put [...]
SEOUL, Dec. 1 (Korea Bizwire) – An increasing number of private businesses including restaurants, stores, and hotels have begun hanging up banners calling for embattled South Korean President Park Geun-Hye to step down, with some even offering goods or services for free or at big discounts. The owner of a tuna restaurant in Gwangju put [...]
SEOUL, Nov. 29 (Korea Bizwire) – President Park Geun-hye on Tuesday called on the National Assembly to determine her fate, saying she will step down in line with a timetable and procedures reached by political parties that can minimize any confusion arising from the unexpected transition of government. During Park’s third address to the nation [...]
SEOUL, Nov. 29 (Korea Bizwire) – South Korea’s opposition parties said Tuesday they tentatively agreed to put the impeachment motion against President Park Geun-hye up for a vote later this week. “We will quickly move to complete the impeachment this week,” Woo Sang-ho, the floor leader of the main opposition Democratic Party, said during a [...]